Bank of New York Mellon Corp reduced its position in Yum China Holdings Inc (NASDAQ:YUMC) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,700,192 shares of the company’s stock after selling 161,436 shares during the period. Bank of New York Mellon Corp owned 0.44% of Yum China Holdings worth $67,038,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Yum China Holdings by 4,190.6% in the first quarter. BlackRock Inc. now owns 21,219,447 shares of the company’s stock worth $577,170,000 after buying an additional 20,724,885 shares during the last quarter. Thornburg Investment Management Inc. raised its stake in shares of Yum China Holdings by 50.1% in the first quarter. Thornburg Investment Management Inc. now owns 4,815,741 shares of the company’s stock worth $130,988,000 after buying an additional 1,607,481 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Yum China Holdings by 2,213.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,579,681 shares of the company’s stock worth $42,967,000 after buying an additional 1,511,405 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Yum China Holdings by 123.8% in the first quarter. UBS Asset Management Americas Inc. now owns 2,561,906 shares of the company’s stock worth $69,684,000 after buying an additional 1,416,991 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Yum China Holdings by 6.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 24,975,942 shares of the company’s stock worth $679,344,000 after buying an additional 1,406,118 shares during the last quarter.

Yum China Holdings Inc (NASDAQ YUMC) opened at 35.14 on Thursday. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $42.12. The stock has a market capitalization of $13.47 billion and a PE ratio of 25.84. The firm has a 50-day moving average of $36.99 and a 200 day moving average of $33.80.

Yum China Holdings (NASDAQ:YUMC) last announced its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. Yum China Holdings’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that Yum China Holdings Inc will post $1.45 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Yum China Holdings Inc (YUMC) Stake Reduced by Bank of New York Mellon Corp” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/31/yum-china-holdings-inc-yumc-stake-reduced-by-bank-of-new-york-mellon-corp.html.

A number of equities research analysts have recently weighed in on YUMC shares. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and lifted their target price for the company from $34.72 to $36.61 in a research note on Thursday, July 6th. J P Morgan Chase & Co started coverage on shares of Yum China Holdings in a research report on Friday, June 2nd. They set an “overweight” rating and a $42.00 price target for the company. Zacks Investment Research cut shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Morgan Stanley reissued an “overweight” rating and set a $41.00 price target on shares of Yum China Holdings in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Yum China Holdings from a “buy” rating to a “neutral” rating and set a $33.10 price target for the company. in a research report on Friday, May 5th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Yum China Holdings presently has an average rating of “Hold” and a consensus target price of $37.56.

In related news, insider Mark Chu sold 22,184 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the completion of the transaction, the insider now directly owns 23,457 shares of the company’s stock, valued at $884,798.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Yum China Holdings Company Profile

Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.

Want to see what other hedge funds are holding YUMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yum China Holdings Inc (NASDAQ:YUMC).

Institutional Ownership by Quarter for Yum China Holdings (NASDAQ:YUMC)

Receive News & Stock Ratings for Yum China Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yum China Holdings Inc and related stocks with our FREE daily email newsletter.